Chevy’s Labor Day incentives make car loans attractive

With Labor Day weekend approaching, a number of manufacturers are offering incentives on some popular 2010 vehicles in order to make way for the 2011 models. By securing their car loan ahead of time, buyers can negotiate a great deal.

According to USA Today, many Chevy vehicles are offering some fantastic deals on financing or cash back offers. Yet savvy consumers can actually walk away with some cash in their pocket if they apply online for a car loan before heading to the dealer.

Zero-percent financing is often an attractive option for many consumers, but if a driver already has a car loan, he can take the alternative option of a cash rebate. Chevy is offering zero-percent financing on four different vehicles for Labor Day: the Cobalt, Malibu, Impala and HHR.

The Cobalt, Malibu and Impala are all tried-and-true passenger cars, while the HHR is a slightly roomier crossover. Drivers who opt for a cash rebate will save $4,000 off the HHR and Impala and $3,000 off the Cobalt and Malibu.

By combining this with a pre-approved car loan, drivers can get into a great vehicle at a fraction of the price they’d normally pay.